600859 Wangfujing Group
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Wangfujing Group News
China Merchants: China Duty Free won bids for three city stores. Wangfujing Group is cooperating with Wushang Group on the city store project.
The significance of establishing stores lies in increasing the display and sale of products such as luxury items, clothing, and electronics, in conjunction with immigration policies to promote Consumer spending by foreign tourists.
Wangfujing Group Co., Ltd.'s (SHSE:600859) Stock Is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?
The city's duty-free shops are making progress as Wangfujing Group collaborates with Wushang Group to establish a presence in Wuhan | Quick announcement.
① The city’s duty-free shops have made progress, with Wuhan's first city duty-free store to be jointly operated by Wangfujing Group and Wushang Group. ② Looking at Wangfujing Group's Earnings Reports, despite the pressure on revenue, the duty-free industry is experiencing significant growth, but its limited scale restricts its effect on overall revenue.
Wushang Group (000501.SZ): Plans to jointly establish a joint venture with Wangfujing Group to operate duty-free projects in Wuhan.
On December 26th, Gelonghui reported that Wushang Group (000501.SZ) announced that the company and Wangfujing Group Co., Ltd. (referred to as "Wangfujing") jointly invested to establish the Wangfujing Wushang Duty-Free Merchandise Operation Co., Ltd. (tentative name, subject to final registration by the market supervision administration, referred to as "joint venture company"). The operational project is for duty-free items within Wuhan City, with a registered capital of 80 million yuan for the joint venture company. Among this, the company contributed 39.2 million yuan, accounting for a 49% share; Wangfujing contributed 40.8 million yuan, holding 51% of the joint venture company's shares.
Wangfujing Group (600859.SH): Laixi Wangfujing Shopping Center is open to the public.
On December 20, Gelonghui reported that Wangfujing Group (600859.SH) announced that on December 21, 2024, the LaiXi Wangfujing Shopping Center under the company will open to the public. The LaiXi Wangfujing Shopping Center is located at 118 Beijing Middle Road, Shuiji Street, LaiXi City, Qingdao, ShanDong Province, and is managed and operated by the company's Beijing Wangfujing Shopping Center Management Co., Ltd. The total construction area of the project is 0.154 million square meters, with a leasing period of 20 years. The LaiXi Wangfujing Shopping Center is positioned as a new coordinate for urban quality living, primarily featuring fashionable, refined, and young brands, targeting the new generation pursuing high-quality living and families.
Wangfujing Group (600859.SH): Its subsidiary Harbin Wangfujing Shopping Center actively attracts customers by creating landmark ice and snow landscapes and hosting ice and snow cultural performances.
On December 19, Gelonghui reported that Wangfujing Group (600859.SH) stated on the investor interaction platform that the company is advancing its share buyback plan according to the disclosure scheme and will implement it when market conditions permit. The company's Harbin Wangfujing Shopping Center is deeply integrating with the ice and snow economy and local characteristics by creating landmark ice and snow landscapes, hosting ice and snow cultural performances, and other activities to actively attract and channel customers. At the same time, the company's Harbin Taiping International Airport departure duty-free shop is fully preparing, which will jointly assist the upcoming Winter Asian Games.
Wangfujing Group (600859.SH): There are a total of 24 tax refund stores under its Peking and other regional stores.
On December 19, Gelonghui reported that Wangfujing Group (600859.SH) stated on the investor interaction platform that the company has a total of 24 tax refund stores in its Beijing and other regions.
Wangfujing Group (SHSE:600859) Has A Pretty Healthy Balance Sheet
Wangfujing Group (600859.SH): 41.4766 million restricted shares will be unlocked on December 17.
Gelonghui, December 10th丨The wangfujing group (600859.SH) announced that the total number of stocks for this listing and circulation is 41.4766 million shares. The stock listing and circulation date is December 17, 2024.
Wangfujing Group (600859.SH): The Harbin Wangfujing Shopping Center is planning to create an ice and snow landscape.
On December 4, Gelonghui reported that the Wangfujing group (600859.SH) stated on the investor interaction platform that the Harbin Wangfujing Shopping Center is planning to create an ice and snow landscape, featuring mechanical snowmen and an ice and snow music box as creative highlights to attract tourists for check-ins, forming an ice and snow holy land. At the same time, the Harbin Wangfujing Shopping Center will also offer local Harbin specialty products as gifts for members, promoting the local food culture of Harbin, evoking a sense of hometown nostalgia for northern visitors, and enhancing interaction with southern tourists. By spreading through southern and local customers, a publicity matrix will be formed to enhance brand influence. In addition, the Harbin Shopping Center has introduced the 9th Asian Winter Games scheduled for 2025.
wangfujing group (600859.SH): Cumulatively repurchased 6.105 million shares of the company's stock
Wangfujing (600859.SH) announced on December 2nd that as of November 30, 2024, the company has repurchased a total of 6.105 million shares through centralized auction trading, representing 0.54% of the total share capital of the company. The highest repurchase price was 14.33 yuan/share, the lowest price was 11.53 yuan/share, and the total amount paid was RMB 81.669233 million (excluding transaction costs such as commissions and transfer fees).
Wangfujing group (600859.SH): From January to October 2024, the company's various business formats all showed a slight increase in customer traffic.
Gelonghui on November 27th | wangfujing group (600859.SH) stated on the investor interaction platform that the current operation of the company is normal, with no undisclosed matters that should have been disclosed. From January to October 2024, the customer flow of each business format of the company has shown a slight increase.
Wangfujing Group Co., Ltd. (SHSE:600859) Shares Could Be 49% Below Their Intrinsic Value Estimate
Wangfujing Group (600859.SH): Actively promoting the work related to duty-free shops in the city.
Gelonghui November 20th | Wangfujing group (600859.SH) stated on the investor interaction platform that the company will actively promote the work related to duty-free shops in the city according to policy requirements and the overall global strategy of the company. If there are any matters that meet the information disclosure standards, the company will fulfill the information disclosure obligations promptly.
Wangfujing Group (600859.SH): has completed the establishment of a duty-free shop operation company at Harbin International Airport.
On November 20th, Gelonghui reported that the wangfujing group (600859.SH) stated on the investor interaction platform that the company has completed the establishment of the Harbin International Airport duty-free shop operation company and is currently making every effort to advance the relevant preparations for the project's opening.
Wangfujing group (600859.SH): The company is not involved in any business related to cultural media and real estate.
Gelonghui, November 20th | Wangfujing (600859.SH) stated on the investor interaction platform that the company does not have any involvement in cultural media and real estate related businesses. Currently, the company has established the Harbin International Airport duty-free shop operation company and is actively promoting the project opening preparation work. The Guiyang XinYin 1950 Discovery Shopping Center and Guiyang Guomao CCPARK Shopping Center have opened to the public in May and September respectively. Please pay attention to the company's subsequent announcements for the opening dates of the Suzhou Wangfujing Shopping Center, Linfen Wangfujing Shopping Center, and Lhasa Wangfujing Shopping Center.
Solid Earnings May Not Tell The Whole Story For Wangfujing Group (SHSE:600859)
Earnings Miss: Wangfujing Group Co., Ltd. Missed EPS By 52% And Analysts Are Revising Their Forecasts
Wangfujing Group (600859.SH): repurchased 0.54% of shares.
On October 31, Wangfujing group (600859.SH) announced that as of October 31, 2024, the company has repurchased a total of 6.105 million shares of the company through centralized auction trading, with the repurchased shares accounting for 0.54% of the total share capital. The highest repurchase price was 14.33 yuan/share, the lowest price was 11.53 yuan/share, and the total amount paid was RMB 81.669233 million (excluding transaction fees such as commissions and transfer fees).
Wangfujing: Wangfujing Third Quarter Report 2024
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